Our leadership - Ernst & Young - Latvia

Jonas Akelis
Managing Partner, the Baltic States
Central & South-East Europe Assurance North Cluster Leader

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  Jonas Akelis is the Managing Partner of Ernst & Young in the Baltic States of Estonia, Latvia and Lithuania. In 2011 he also became Ernst & Young Central & South-East Europe Assurance North Cluster Leader for Poland and the Baltic States.
  
  Prior to his appointment as Managing Partner, Jonas led the Assurance practice in the Baltic States and served as a Professional Practice Director – Baltic States, and a Quality and Risk Management Officer – Baltic States.  
  

  Jonas’ significant experience relates to audit, reorganization and privatization, transactions, strategy, performance improvement and measurement engagements both with local and international companies in Utilities, Communications, Media & Entertainment, Transportation, Production and other industries.  
  
  

  Jonas joined the firm in 1992; alongside, he earned a Master’s degree in Accounting and Auditing from Vilnius University of Lithuania. He is a Certified Public Auditor of the Republic of Lithuania and a member of Association of Chartered Certified Accountants (ACCA).  
  
  

  In addition to his work at Ernst & Young, Jonas has been a board member of the Lithuanian Chamber of Auditors since 2007 and the Investors’ Forum of Lithuania since 2009.

Partner
Assurance Services Leader, the Baltic States

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  Prior to taking a leading role at Ernst & Young, Diana worked for Arthur Andersen as a Senior Manager in charge of Audit and Assurance in Latvia. Diana has more than 16 years of professional audit and assurance, M&A experience in Telecommunications, Manufacturing, Energy & Utilities, Oil & Gas, Public Sector, Timber, Printing, Construction, Real Estate, Wholesale & Retail industries. She is involved in a number of engagements with national and international companies.  
  
  

  Diana has performed a number of limited reviews, fraud identification reviews for several companies; she has experience in due diligence and valuations at various companies. Diana has participated in teaching (audit and accounting), both internally and externally with special focus on the development of the Latvian accounting profession.  
  
  Diana is a Member of the Board of Latvian Certified Auditors.  
  
  

  Diana is a Certified Auditor of the Republic of Latvia, a Certified Internal Auditor (CIA) and a member of the Association of Chartered Certified Accountants (ACCA).

Partner
Transaction Advisory Services Leader, the Baltic States

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  Guntars joined Ernst & Young in 1996 and since then has been building experience in the Financial and Transaction Advisory services in the Baltic States. He is responsible for managing Transaction Advisory projects: Due Diligence, M&A, Corporate Restructuring, Valuations, Financial Modeling, Transaction Integration, and Project Finance.  
  
  

  He has lead a significant number of Transaction Advisory engagements advising foreign industrial and financial investors during their acquisitions in a variety of industries such as Transportation, Real Estate, Retailing, Telecommunications, Consumer Products Manufacturing. Guntars has also been an advisor to the government institutions and local clients regarding disposals and restructurings of business and has been developing PPP projects.  
  
  

  Guntars holds a Master’s degree in Finance and Economics from Stockholm School of Economics.

Partner
Tax Services Leader, the Baltic States

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  Jelena is a leading tax specialist in Communications, Energy and Utilities, Transportation, Manufacturing industries. She is involved in various tax review projects, VAT consulting, tax appeals, customs procedures and specialises in corporate, international, employment and indirect taxation. Jelena is engaged in a number of tax advisory projects, mainly focused on providing advice on national and international tax compliance and/or planning matters.  
  
  

  Jelena is a Certified Public Auditor of the Republic of Lithuania.  
  
  

  Jelena is a member of the Sunrise Committee for the Reduction of Administrative Burden and on Liberalisation of Labour Relations, the Ministry of Finance of the Republic of Lithuania.

Saulius Adomaitis
Partner
Markets and Sectors Advisory Leader, Central & South-East Europe
Advisory Leader, the Baltic States
Power & Utilities Sector Leader, the Baltic States

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  Saulius is a leading Baltic expert in business planning, strategy development, restructuring, reorganization, information system implementation and assistance, management of infrastructure projects for national and international companies.  
  
  

  Saulius specializes in Energy & Utilities, Public, Telecommunications, Manufacturing, and Transportation sectors.  
  
  

  Saulius is a member of Information Systems Audit and Control Association (ISACA) and certified in the Balanced Scorecard System Installation Management.  
  
  

  Saulius regularly delivers “Business Plan Development” module lectures at the Baltic Management Institute.

Partner
Global Compliance and Reporting Services Leader, Central & South-East Europe

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  Prior to taking a leading role in Ernst & Young Global Compliance and Reporting practice of Central & South-East Europe, Vaida was in charge of the Accounting and Business Tax Compliance practice in the Baltic States. Vaida's main focus and expertise relates to finance, accounting and tax compliance projects for local and international companies, including cross-border multiservice compliance and reporting engagements for multinational corporations. Vaida is also engaged in finance transformation, implementation of accounting policies and procedures, ERP implementation projects. Vaida mainly specialises in Life Sciences, Public Sector, Energy & Utilities, and Retail & Consumer Products industries.  
  
  

  Vaida is a member of Ernst & Young International Public Sector Accounting Standards (IPSAS) core team.

Partner
Advisory Services Leader, Central & South-East Europe

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  Andris Laucins is a partner in charge of the Advisory service line in Central & South-East Europe, which includes more than 600 professional consultants working in 19 countries.  
  

  As a professional business consultant, over the recent years Andris has been involved in setting up and running project/program management offices of large integrated programs, specializing in the Government & Public Sector, Energy & Utilities, and Transportation in Latvia and other countries, as well as efficiency improvement projects for a wide variety of businesses.  
  
  

  Andris holds a certification of Information System Auditor (CISA) and is a PRINCE 2 Certified Project Management Practitioner. Andris has a University degree in System Analysis (Engineer and Systems Analyst) from Riga Technical University and a Master’s degree in Business Administration (MBA) from Stockholm School of Economics in Riga.  
  
  

  Andris acted as the Vice Chairman and later as the Chairman of the Foreign Investors Council in Latvia during 2005-2010.

Partner
Business Tax Services Leader, Central & South-East Europe

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  Since 1 July 2010, Kestutis is in charge of Ernst & Young business tax advisory services in Central & South-East Europe. He is responsible for the development of business tax compliance, tax controversy and tax policy, tax accounting, tax performance advisory, tax services to high net worth individuals, as well as a number of other services in a diverse region comprising over 20 countries.  
  
  

  Prior to taking a leading tax partner role at Ernst & Young, Kestutis was a tax partner in charge of the Baltic Tax and Legal practice for Arthur Andersen. Kestutis has over 16 years of experience in advising clients that operate in Financial Services, Technology & Communications, Retail & Consumer Products, Energy & Utilities, Transportation, Pharmaceuticals, Real Estate and other industries. Kestutis is particularly involved in tax advisory projects, focuses on advice on national and international corporate and/or individual tax compliance and/or planning matters, as well as transfer pricing.  
  
  

  Kestutis is a member of the Chartered Association of Certified Accountants (ACCA) since 2002; Chairman of the Tax Committee of the Lithuanian Investors' Forum (2004 to date), a member of the working group of the Sunrise Committee for the Reduction of Bureaucratic Burden (2009 to date), has acted as a member of the Consulting Council at the Lithuanian Ministry of Finance for approval or official commentaries of tax legislation (2002-2007), thereby taking a leading role in helping to shape and continuously improve Lithuanian tax legislation and tax administration practice, to make it more competitive and business friendly. He has also been a member of a number of other ad hoc expert committees, made speeches at numerous conferences and is the author of various articles in business newspapers and magazines.  
  
  

  During 2008-2010 Kestutis served as a member of Ernst & Young EMEIA Tax Advisory Board, since 2008 he also represents the Baltic partners in the CSE Partners Forum, an advisory body to subarea management.

Partner
Advisory Services, the Baltic States
Government and Public Sector Leader, Central & South-East Europe

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  Linas has been serving both for Ernst & Young and Arthur Andersen in Lithuania since 1992. Apart from governance, risk and control related services, Linas has also advised the Government & Public Sector clients on investment attractiveness, improvement of the finance function as well as other business processes and reporting, assisted with defining the requirements for and supervision of the information systems implementation, efficiency improvement, information systems audit, improvement of institutional capacity, etc.  
  
  

  Linas is a Certified Public Auditor of the Republic of Lithuania and a member of the Lithuanian Chamber of Auditors. He is also a member of Chartered Association of Certified Accountants with sufficient post-qualification experience, designated as Fellows (FCCA) and a Certified Internal Auditor (CIA). Twice he served as President and a Member of the Board of the Lithuanian Association of Internal Auditors. Linas is a board member of the Baltic Institute of Corporate Governance.

Executive Director
Assurance Services, Latvia

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  Anna has more than 14 years of professional experience in assurance services. She has led audits of entities across the Baltic States in various industries i.e. Retail & Wholesale, Production, Real Estate development and management, Construction, Oil Trade and Transportation, Printing and other. Anna has been involved in a number of assurance engagements for national and international companies.  
  
  

  Anna is a Certified Auditor of the Republic of Latvia, a Certified Internal Auditor (CIA), a member of the Association of Chartered Certified Accountants (ACCA) and a member of the Institute of Internal Auditors.

Partner
Advisory Services, the Baltic States

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  Arturas has over 13 years of experience in Advisory Services and specialises in finance and performance improvement projects. Arturas’ fields of expertise include strategy and organisational development, optimisation of business processes and functions, program and project management, e-service development and implementation, selection and implementation of management information systems. Arturas mainly focuses on serving Finance (Banking, Insurance), Pubic (Public Finance Management, Education and Science, etc.) and Utilities sector clients.  
  
  

  Arturas is certified in project management methodology PRINCE2.

Partner
Assurance Services, Lithuania

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  Asta is an experienced auditor in assurance/audit and internal audit advisory services both to local and international companies. Asta’s significant experience includes Communications, Media & Entertainment, Transportation, Manufacturing, Agriculture, Public Sector, EU and international funding engagements. Asta has worked on a number of international audits performed in accordance with International Auditing Standards, delivered a number of technical assistance engagements to public institutions facilitating their readiness to manage the European Union funds. She is also responsible for the audits of the projects funded by EU and other international institutions.  
  
  

  Asta is a Certified Public Auditor of the Republic of Lithuania, a Certified Internal Auditor of Lithuania and a member of the Association of Chartered Certified Accountants (ACCA).

Partner
Advisory Services, Latvia

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  Daina has worked within audit and consulting industry for more than 15 years, currently being responsible for the Government and Municipal Sector in Latvia. Daina has significant experience in the advisory services related to EU funds management system set-up in the Baltic States and other new EU Member States. Apart from the Government Sector and EU related projects, Daina has wide experience in IT systems implementation supervision projects, efficiency audits and other performance improvement related projects.  
  
  

  Daina is a Certified Information Systems Auditor (CISA), a Certified Internal Auditor (CIA), a member of the Association of Chartered Certified Accountants (ACCA).

Executive Director
Advisory Services, Lithuania

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  With Ernst & Young and Arthur Andersen since 1999, Egidijus has been successfully managing projects mostly for Energy & Utilities sector clients. Egidijus specialises in the delivery of restructuring, business process reengineering, costing, strategy articulation, business modelling, economic analysis and large scale infrastructure projects management services.  
  
  

  Egidijus is a member of the Smart grid development working group formed by the Lithuanian Ministry of Energy.  
  
  

  Egidijus is a Managing Successful Programmes registered practitioner and holds a Six Sigma Yellow Belt certificate.

Partner
Tax Services, Latvia

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  Ilona has a wide experience in Tax Advisory, serving domestic and foreign clients on the application of Latvian and international tax legislation in Financial Services, Energy & Utilities, Retail & Consumer Products, Transportation, Pharmaceuticals, Real Estate, Technology, and Telecommunications.  
  
  

  She has an excellent knowledge of Latvian tax system, international taxation as well as Latvian business law. Her areas of specialization include general corporate tax, transfer pricing, value added tax, tax advice on M&A including due diligence and tax structuring.  
  
  

  Ilona is a Board member of the Latvian Certified Tax Consultants Association, a member of the Association of Chartered Certified Accountants (ACCA), a member of Ernst & Young Worldwide (EYW) EU Tax Law Competence Group, and the leader of Latvian EYW EU Tax Law Competence Group.

Executive Director
Assurance Services, Lithuania

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  Inga has gained wide experience in audit and other assurance services serving local and international clients operating in Utilities & Energy, Manufacturing, Consumer Products and other sectors for over 15 years. Inga has extensive expertise in International Financial Reporting Standards and has deep practical knowledge of consolidation, as she is working with the largest groups operating in not only in Lithuania, but also abroad.  
  
  

  Inga is a Certified Public Auditor of the Republic of Lithuania and a member of the Association of Charted Certified Accountants (ACCA). She is a member of the Audit Committee of the Lithuanian Chamber of Auditors.

Partner
Assurance Services, Estonia

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  With over 10 years of experience Ivar has participated in audits and consulting projects for many large Estonian and international companies operating in various industries. Ivar has extensive expertise in auditing Transportation industry, being a member of Ernst & Young Global Shipping Network, and also Media & Entertainment, Automotive, Retail and various production companies.  
  
  

  Ivar is a Management Board Member of the Estonian Auditing Board.  
  
  He has delivered lectures at several client and in-house training sessions on auditing, Estonian GAAP and IFRS. He maintains academic co-operation with the Estonian Business School and has published several articles on financial accounting and reporting issues.  
  
  

  Ivar is a Certified Auditor of the Republic of Estonia.

Partner
Assurance Services, Latvia
Professional Practice Director, the Baltic States

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  Iveta has more than 13 years of professional experience related to audit and accountancy advisory to local and international companies in various industries including Retail & Wholesale, Food & Beverages, Utilities, Production, Government Sector, Telecommunications, Media & Entertainment, Transportation, Manufacturing, and other industries.  
  
  

  Iveta has experience in areas like development of policies and procedures manuals, review of budgeting and forecast processes, control adequacy assessment, risk management and financial reporting etc.  
  
  

  Iveta has participated in teaching (audit and accounting), both internally and externally with special focus on the development of the Latvian accounting profession.  
  
  

  Iveta is a Certified Auditor of the Republic of Latvia and a member of the Association of Chartered Certified Accountants (ACCA).

Partner
Tax Services, Lithuania

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  Leonas has over 12 years of experience in Tax Advisory. His industry focus includes Oil & Gas, Manufacturing, Pharmaceuticals, and Financial Services. He has extensive expertise in international taxation, transaction tax, transfer pricing and excise tax. As a tax advisor, Leonas has participated in numerous tax advisory projects on planning and compliance matters.

Partner
Compliance & Reporting Services, Lithuania

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  Lina has been serving for Ernst & Young and Arthur Andersen in Lithuania since 1995. Apart from practical experience in auditing clients in the Financial, Retail & Manufacturing sectors, Lina has been extensively engaged in projects aimed to optimize, centralize and manage effectively the Finance, Accounting as well as Procurement functions; implement ERP and CRM systems within Ernst & Young organisation and for clients. Currently, Lina’s main focus is accounting consulting projects in the Public Sector.  
  
  

  Lina is a certified project management practitioner (PRINCE-2) and a member of Ernst & Young International Public Sector Accounting Standards (IPSAS) core team.

Executive Director
Advisory Services, Latvia

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  Coming soon.  

Partner
Assurance Services, Lithuania

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  Ramunas is a leading specialist in Financial, Banking, Insurance, Asset Management, Transaction Support, and Business Valuation. Ramunas’ significant experience next to audit and other assurance services relates to various consulting and valuation projects, financial analysis of financial service industry clients and other organisations. Ramunas has worked on a number of re-structuring and re-organisation engagements in the Baltic States for both local and international companies. Ramunas delivers internal and external trainings on the implementation and application of International Financial Reporting Standards (IFRS), delivers lectures on various topics at the Lithuanian Chamber of Auditors.  
  
  

  Ramunas is a Certified Public Auditor of the Republic of Lithuania and a member of the Association of Chartered Certified Accountants (ACCA). Ramunas is also a Certified Business Valuer of the Republic of Lithuania.

Partner
Tax Services, Estonia

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  Ranno is a leading advisor in Estonia referred to in the Guide to the World's Leading Tax Advisers (Expert Guides By Euromoney). He is a lawyer with more than 10 years of experience in tax law. Ranno specializes in the following areas: corporate income tax, transfer pricing, human capital, international and EU tax issues. As a tax advisor, Ranno has participated in numerous transfer pricing, international tax planning and due diligence projects.  
  
  

  He is frequently writing articles about taxes and giving presentations and lectures on tax matters.  
  
  Ranno is a member of the International Fiscal Association and a member of the Council of the Estonian Tax Payers Union.

Executive Director
Advisory Services, Latvia

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  Coming soon.

Executive Director
Advisory Services, Lithuania

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  Ruta has been within consulting industry for more than 10 years. Serving both public and private sectors, she has a wide experience in the management of complex projects related to risk management system set-up and implementation, internal controls review and assistance in improvement processes, EU funds management and control systems development, business processes restructuring and efficiency enhancement, strategy articulation and business planning, cost accounting systems development and implementation, information systems requirements design, system selection and implementation.  
  
  

  Ruta is a PMI ® certified Project Management Professional (PMP), and an IIA certified Certified Internal Auditor (CIA).